7, Launceston Terrace
7, Launceston Terrace
Description & Estimates
Public records show 7, Launceston Terrace, Norwich to be a period leasehold apartment with 1,280 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms with a garden.
7, Launceston Terrace, Norwich has an estimated sale value of £292,706 and an estimated rental value of £1,234 per month, assuming reasonable condition and based on the information available.
Launceston Terrace, Norwich, NR2 lies in the borough of Norwich, within the NR2 postal district.
Our Data Sources
7, Launceston Terrace, Norwich has 51 entries in the Land Registry , most recently in June 2015 and a single entry in the EPC database dated May 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 7, Launceston Terrace, Norwich would be worth £307,341, with a potential rental value of £1,296 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £272,216, with a rental value of £1,148 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 7, Launceston Terrace, Norwich has dropped by £4,464 (1.5%) over the last year. During the same period, its estimated monthly rental value has risen by £32 (2.6%). The property's estimated gross yield is currently 5.1%.
Energy Efficiency
7, Launceston Terrace, Norwich has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 May 2013.
The property is not connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
7, Launceston Terrace, Norwich last changed hands on 24th June 2015, selling for £225,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 5 times since 1995.
The market for similar properties has risen by 12.4% since June 2015.
- Sold Jun 2015£225,000
- Sold Aug 2004£199,950
- Sold Jul 2002£160,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 2 sales of comparable properties within 410 metres of 7, Launceston Terrace, Norwich across the last 2 years.
Most recently, 16 The Pavilion, St. Stephens Road, Norwich, NR1 3SG, a leasehold flat, sold at £227,000 on the 26th April 2019.
Read more about house prices in NR2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 7, Launceston Terrace, Norwich as the largest and the 2nd most expensive of the 11 addresses on Launceston Terrace, Norwich, NR2.
Against the NR2 postcode district average, it is £8k more expensive than the typical property.
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Schools Nearby
- 400mBignold Primary School and Nursery
- 700mThe Free School Norwich
- 1.0kmAvenue Junior School
- 800mNotre Dame High School, Norwich
- 800mHewett Academy
- 1.2kmCity of Norwich School, An Ormiston Academy
More reading links
Public Transport Nearby
Norwich station is the nearest stop to 7, Launceston Terrace, Norwich at 1.6 kilometres away.
- 1.6kmNorwich
- 9.0kmBrundall Gardens
- 9.4kmSalhouse
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
